{"id":5941,"date":"2024-09-24T22:33:24","date_gmt":"2024-09-24T22:33:24","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=5941"},"modified":"2025-05-14T09:00:10","modified_gmt":"2025-05-14T09:00:10","slug":"nzd-usd-surge","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/nzd-usd-surge\/","title":{"rendered":"NZD\/USD Surge: Kiwi\u2019s Turn to Emerge (Elliott Wave)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NZDUSD Accelerates above 43-month trend line<\/li>\n\n\n\n<li>Current uptrend is viewed as wave (iii)<\/li>\n\n\n\n<li>Prices should hold above the August 2024 low of .5850<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Broken 43-Month Trend Line<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXe94TGxQbPAXkynMfifBPTXhStGhLnZ4Xb2CXEyjWkg9Kdin-vM8On0qHwzXkP1AJN5UjYWDeLR2a4jtW3ASyKaVcgMqVpHXJuXjblxZ0KQeTKSSs827iI7qUbnEyDmjhs5oazGDbNogdHiMOiox7zPYCYC?key=ZCtb9-v7bfuL6AlaHdjKGg\" alt=\"\" \/><\/figure>\n\n\n\n<p>NZDUSD continues to accelerate higher above a 43-month trend line dating back to February 2021.<\/p>\n\n\n\n<p>After breaking above the trendline in August 2024, Kiwi consolidated to retest the topside of the broken trend line before its recent run higher.<\/p>\n\n\n\n<p>There is a shelf of resistance near .6400 that dates back to early 2023. This is the next price area where NZDUSD may struggle to break above.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">NZDUSD Elliott Wave Count<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfxT0qGQ5SRaABKxftnneY5rK_IFjQykTg50zlY1Q_KEqg6iuIhY6KS3FCvUV6dQqUrW9kEpPcE_ZhFGRWW1Vgt29p2f5Ri0Vqi-uO3gHFHiwlI2Co82jLTLv9bDNFgZy9oi2fDN5YQ-tLSiJycd6zUJQCM?key=ZCtb9-v7bfuL6AlaHdjKGg\" alt=\"\" \/><\/figure>\n\n\n\n<p>Zooming down to a 4-hour price chart, it appears the current Elliott wave count is wave i of (iii) to the upside.<\/p>\n\n\n\n<p>This suggests that Kiwi likely runs up to .6400 where the finishing touches of wave \u2018i\u2019 would be just around the corner.<\/p>\n\n\n\n<p>After a brief pullback in wave ii of (iii) that may carry a couple hundred pips lower, NZDUSD would be scheduled to resume its uptrend in wave iii of (iii).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Longer-term, the trend appears planted to the upside for NZDUSD. In the near-term, anticipate a retest of .6400 to finalise wave i of (iii).<\/p>\n\n\n\n<p>Then, a couple hundred pip decline in wave ii of (iii) will set up the next bullish wave iii of (iii).<\/p>\n\n\n\n<p><strong><em>You might also be interested in:&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/nikkei-dark-days-for-rising-sun\/\">Nikkei Elliott Wave<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-shine-and-climb\/\">Silver Shine and Climb<\/a> [Elliott Wave]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NZD\/USD surges above a 43-month trendline, signaling bullish momentum. Watch for resistance near .6400 before a potential pullback. <\/p>\n","protected":false},"author":160,"featured_media":5942,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-5941","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NZD\/USD Surge: Kiwi\u2019s Turn to Emerge (Elliott Wave) - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"NZD\/USD surges above a 43-month trendline, signaling bullish momentum. 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